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₹12.2 Lakh Crore Capex Equals 4.4% of GDP, Highest Ever: Finance Minister
Sitharaman Post Budget Presser: Finance Minister Nirmala Sitharaman spoke in detail about the budget announcements and the government's economic policies at the formal press conference held after the Budget speech in Parliament. She stated that the government has prepared a budget that provides a new direction for the goal of a developed India. What else did she say? Find out in this article.
Following the Budget speech in Parliament, Finance Minister Nirmala Sitharaman said that the budget has completely covered the government’s policy of “Sabka Saath Sabka Vikas.” Accompanied by Minister of State for Finance Pankaj Chaudhary and Finance Ministry Secretaries, Sitharaman said that the government has decided to set up a rare earth corridor in the face of challenges that are to come. The Finance Minister also said that the government has made many important decisions to reduce imports and increase exports from the country.
He also stated that the budgeted capital expenditure for FY 2027 is Rs 12.2 lakh crore, which is 4.4 percent of the country’s GDP, a record high. The budget for FY 2025-26 has been prepared with the motto "Sabka Saath, Sabka Vikas" in mind.
The Revenue Secretary, who was present at the press conference with Nirmala Sitharaman, stated that the increase in STT on Financial and Operational (F&O) transactions is intended to discourage speculative behavior. This move will address systemic risk in the derivatives market.
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